© Ryan Smith/Somos Images/ Corbis
more from Bankrate.com
In a market flooded with foreclosures, homebuyers can find steals easily. Or that's what many of them think until they begin searching. Soon, they learn that only savvy buyers get the best deals.
Understanding how banks negotiate foreclosure deals is a must if you want to buy low in today's market.
Here are five secrets every homebuyer must know when shopping for a foreclosed home.
